Bitcoin upsurges #BTC

Upward trend in crypto trade

According to Odaily, Bitcoin's price surged past $105,000 before the weekly close on May 11, marking a multi-month high. Analyst Rekt Capital highlighted the importance of Bitcoin maintaining a weekly close above approximately $104,500 to establish this level as support. This development positions Bitcoin on the verge of initiating a second phase of price discovery and upward trend. The ability of Bitcoin to close the week above the recently reclaimed reaccumulation range is deemed crucial.